K-1 statement is a tax statement showing your share of the fund’s income, gains, and losses in a year. It is useful for US tax payers in mitigating the impact of punitive PFIC taxation which arises when they invest in foreign domiciled funds.

A K-1 statement enables you to opt for QEF treatment under PFIC rules where only the realised capital gains shown in the K-1 statement will be taxed in the US at capital gains tax rates. Please consult your tax advisor on this before investing.